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market update

Market Update | October 2020 📈

Over 4,700 new listings were added to our inventory in September 2020. Our total listings have not increased and have remained stable at around 6,500 properties on the market. Demand seems to continue to go strong and is keeping up with or outpacing new listings added to the market. Keeping our Inventory somewhat stable. Low but Stable!

Closed units are back up with just under 4000 closings for the month of September. Very strong September closing numbers!

Our days on market have decreased pretty significantly. I think most of us agents can attest to that! When we list a good property at close to Fair market value they seem to be getting offers quickly. August 2020 to September 2020 we went from 43 days to 36 days on market. Earlier this year we were at close to 50 average days on market.

The median sales price in August 2020 went from $339,000 to $340,000 in September 2020. Not a huge gain but still gaining at the median sales price. We will likely see another increase in the median sales price for the month of October!

The price point of $250,000 - $300,000 has just over 1.0 month of inventory. Affordable housing is starting to slip away!

recent success
testimonials

We sold our home with the h&e crew in record time. Even when the market was in flux due to CV-19 virus he remained steady and pushed our home in an uncertain market keeping us advised and up to date throughout the process. With Craig you always feel confident that you have the best person possible selling your home.
-Bill via Zillow

Best real estate experience we’ve ever had. We had our house listed for 6 months with another agent before relisting with h&e and they got us two great offers in less than two weeks. They have everything you’d want in a realtor/broker - experts on the local market, client focused, responsive, and worked out a deal we were very happy with. Great experience overall and would highly recommend!
-Chris via Zillow

The h&e team were a pleasure to work with! They are extremely knowledgeable, professional and have their finger on the pulse of the Real Estate market. We sold our home in 4 days with their guidance. My wife and I were so impressed that we listed a second home with them 1 week later. If you are looking for real professionals, look no further than Huntington & Ellis. Thank you for everything Craig!
-Jason via Zillow

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